EUR/JPY Price Analysis: Outlook should turn bearish below the 200-day SMA

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  • EUR/JPY falls off the cliff and retests the 200-day SMA near 141.80.
  • The next level of support emerges at the February low at 139.50.

He USD/JPY weakens further and breaks below 142.00 to touch fresh 4-week lows near 141.80 earlier in the week.

EUR/JPY breaks below the consolidation range and challenges the key 200-day SMA today at 141.77. A sustainable break of the latter would open the door for further weakness to initially the February low at 139.54 (10 Feb).

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Below the 200-day SMA, the outlook for the cross is expected to turn negative.

EUR/JPY daily chart


Last price today 141.92
Today I change daily 250
today’s daily variation -1.07
today’s daily opening 143.45
daily SMA20 143.83
daily SMA50 141.94
daily SMA100 143.1
daily SMA200 141.8
previous daily high 145.11
previous daily low 143.35
Previous Weekly High 145.44
previous weekly low 143.35
Previous Monthly High 145.47
Previous monthly minimum 139.55
Fibonacci daily 38.2 144.02
Fibonacci 61.8% daily 144.44
Daily Pivot Point S1 142.83
Daily Pivot Point S2 142.21
Daily Pivot Point S3 141.07
Daily Pivot Point R1 144.59
Daily Pivot Point R2 145.73
Daily Pivot Point R3 146.35

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Source: Fx Street

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